Ruidoso Downs, NM is a small city in New Mexico with a population of just over 5,000 people. This charming town offers small-town living with big-city amenities. It is home to several local businesses including the Ruidoso Downs Race Track and Casino, Mountain View Golf Course, and the Hubbard Museum of the American West. The cost of living in Ruidoso Downs is lower than the national average; 2 bedroom rent in Ruidoso Downs is $790 compared to $1,430 nationwide and grocery cost index in Ruidoso Downs is 94 versus 100 in the US. Additionally, the area provides many outdoor activities such as skiing, hiking, fishing and camping giving residents more bang for their buck when compared to other places.
Ruidoso Downs has an unemployment rate of 8.8%. The US average is 6.0%.
Ruidoso Downs has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Ruidoso Downs
- The Sales Tax Rate for Ruidoso Downs is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Ruidoso Downs is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ruidoso Downs
- The average income of a Ruidoso Downs resident is $16,572 a year. The US average is $37,638 a year.
- The Median household income of a Ruidoso Downs resident is $26,597 a year. The US average is $69,021 a year.